Small clubs missing out on RM1.2 billion for nurturing young players

ZURICH:

“There is around $300 million that somehow has not made it to the clubs who have trained the players,” said Kimberly Morris, a Fifa official who oversees the transfer system, during a football law conference on Friday.

“We know the system is too complicated, we know there is a poor record of the history of many players.” solidarity payments.

The policy-making Fifa Council have already approved the creation of a clearing house to process international transfers.

They say this will centralise and simplify the payments associated with transfers such as solidarity, training compensation, agents’ commissions.

Giancarlo Dapoto, Fifa’s head of professional football, said the amount paid in training compensation was dwarfed by the money paid in agents’ fees.

Last year, $548 million (RM2.2 billion) was paid on agents commission from international transfers, compared to $90 million (RM368 million) to clubs in training compensation, he said.

“There are issues with the current system that needs to be renewed to find a simpler framework and ensure the mechanism is effective,” he said.